Brookfield Business Correlations

BBU Stock

USD 24.32 0.12 0.49%

The current 90-days correlation between Brookfield Business and Compass Diversified is 0.23 (i.e., Modest diversification). The correlation of Brookfield Business is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Brookfield Business Correlation With Market

Very weak diversification

The correlation between Brookfield Business Partners and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brookfield Business Partners and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brookfield Business Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Brookfield Stock

0.63	G	Genpact Limited	Pair Corr
0.73	EH	Ehang Holdings	Pair Corr
0.65	PC	Premium Catering	Pair Corr

Moving against Brookfield Stock

0.56	CW	Curtiss Wright	Pair Corr
0.56	GD	General Dynamics	Pair Corr
0.54	BV	BrightView Holdings	Pair Corr
0.52	J	Jacobs Solutions	Pair Corr
0.47	WAB	Westinghouse Air Brake	Pair Corr
0.47	AP	Ampco Pittsburgh	Pair Corr
0.4	BW	Babcock Wilcox Enter	Pair Corr
0.6	DLHC	DLH Holdings Corp	Pair Corr
0.51	IR	Ingersoll Rand	Pair Corr
0.5	NL	NL Industries	Pair Corr
0.44	TT	Trane Technologies plc	Pair Corr
0.41	TH	Target Hospitality Corp Buyout Trend	Pair Corr
0.4	UP	Wheels Up Experience	Pair Corr
0.36	KE	Kimball Electronics	Pair Corr
0.34	OP	Oceanpal	Pair Corr
0.34	CODI-PA	Compass Diversified	Pair Corr

Related Correlations Analysis

	SPLP-PA	CODI-PA	MATW	TRC	SPLP	GFF	CODI	VRTV	MDU	CODI-PC
SPLP-PA		-0.31	-0.78	0.19	-0.27	-0.24	-0.85	0.0	-0.75	-0.52	SPLP-PA
CODI-PA	-0.31		0.67	0.12	-0.2	0.36	0.17	0.0	0.42	0.87	CODI-PA
MATW	-0.78	0.67		-0.01	0.01	0.41	0.63	0.0	0.81	0.73	MATW
TRC	0.19	0.12	-0.01		-0.28	0.25	-0.27	0.0	-0.07	-0.06	TRC
SPLP	-0.27	-0.2	0.01	-0.28		-0.14	0.35	0.0	0.14	-0.04	SPLP
GFF	-0.24	0.36	0.41	0.25	-0.14		0.2	0.0	0.09	0.33	GFF
CODI	-0.85	0.17	0.63	-0.27	0.35	0.2		0.0	0.71	0.44	CODI
VRTV	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	VRTV
MDU	-0.75	0.42	0.81	-0.07	0.14	0.09	0.71	0.0		0.51	MDU
CODI-PC	-0.52	0.87	0.73	-0.06	-0.04	0.33	0.44	0.0	0.51		CODI-PC
	SPLP-PA	CODI-PA	MATW	TRC	SPLP	GFF	CODI	VRTV	MDU	CODI-PC

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CODI-PC	+ 0.87	CODI-PA
MDU	+ 0.81	MATW
CODI-PC	+ 0.73	MATW
MDU	+ 0.71	CODI
MATW	+ 0.67	CODI-PA
CODI	+ 0.63	MATW

High negative correlations

CODI	- 0.85	SPLP-PA
MATW	- 0.78	SPLP-PA
MDU	- 0.75	SPLP-PA
CODI-PC	- 0.52	SPLP-PA
CODI-PA	- 0.31	SPLP-PA
SPLP	- 0.28	TRC

Risk-Adjusted Indicators

There is a big difference between Brookfield Stock performing well and Brookfield Business Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Brookfield Business' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SPLP-PA	0.18	0.02	0.09	0.77	0.17	(0.20)	0.58	(0.33)	1.48
CODI-PA	0.83	0.00	0.00	0.00	0.99	(0.92)	2.03	(1.53)	5.64
MATW	2.01	(0.21)	0.00	(0.17)	0.00	0.00	2.96	(4.01)	24.43
TRC	1.23	0.11	0.07	0.14	1.51	(1.31)	3.10	(2.70)	7.06
SPLP	1.52	0.03	0.01	0.10	2.80	(2.13)	2.97	(2.21)	18.57
GFF	1.52	(0.01)	0.00	0.04	0.00	0.00	2.86	(2.48)	12.51
CODI	1.28	(0.24)	0.00	(0.19)	0.00	0.00	1.99	(2.74)	12.88
VRTV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MDU	1.11	(0.06)	0.00	(0.08)	0.00	0.00	2.35	(2.17)	8.23
CODI-PC	0.58	(0.01)	0.00	(0.04)	0.00	0.00	1.48	(1.29)	4.84

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